DrainWig on Shark Tank

DrainWig is a hair catcher that sits inside a shower drain, attached to a chain that hooks under the drain cover. It traps hair before clogs form and is easy to pull out and replace.

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⏱ DrainWig in 30 seconds

The ask$300K for 5%Valued at $6M
In the tankDeal: $300K for 15%With Kevin
After the showNot confirmedNo public record either way
TodayStill in business

DrainWig Shark Tank deal

Asked for: $300,000 for 5%
Asking valuation: $6M
Result: Deal
Final deal: $300,000 for 15%
Deal valuation: $2M
Shark: Kevin O'Leary
Founders: -
From: UT
Aired: Oct 29, 2017

Asked

$6M

Got

$2M

Would you have invested in DrainWig?

The pitch

The founders from UT pitched DrainWig in Shark Tank Season 9, Episode 6 (aired Oct 29, 2017). They asked for $300,000 in exchange for 5% equity, valuing the business at $6M. The entrepreneurs walked away with a deal from Kevin O'Leary: $300,000 for 15%. That put the final valuation at $2M, 67% below what they originally asked for.